We are an integral part of the Investment Institutions division
which is responsible for the oversight of financial markets. We are committed
to meeting G20 recommendations on the regulation of Credit Rating Agencies
(CRAs) and as such, committed to assisting the Financial Services Board in
executing its responsibilities.
Our regulatory approach is to have a risk-based supervisory
model and to avoid excessive regulatory encumbrance. We also encourage high
standards of ethical conduct and integrity from the FSB and its people by
demonstrating professionalism, independence, efficiency, leadership and resolve
in the discharge of our responsibilities and we ensure administrative fairness
utilising a consultative process and emphasising our accessibility,
transparency and accountability in the performance of our functions.